Reaffirmed: Dixons Carphone (LON:DC) Overweight Rating Has Been Reiterated by Analysts at Barclays Capital; GBX 530.00 Target in Place

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Dixons Carphone (LON:DC) Rating Reaffirmed

London: In a very recent research note published on Wednesday morning, Barclays Capital has reaffirmed their Overweight rating on Dixons Carphone (LON:DC) shares. They now have a GBX 530.00 price target on the firm. Barclays Capital’s target means a potential upside of 10.14% from the company’s current stock price.

From a total of 10 analysts covering Dixons Carphone (LON:DC) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is GBX 550 while the lowest target price is GBX 450. The mean of all analyst targets is GBX 525.56 with a 9.21% above today’s (GBX 481.22) stock price. Dixons Carphone was the topic of 20 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 9 with “Overweight” rating. Deutsche Bank maintained shares with “Buy” rating and GBX 525 target share price in a report from a November 23. Nomura maintained DC stock in a recent report from December 7 with “Neutral” rating. BNP Paribas maintained the rating on October 26. BNP Paribas has a “Outperform” rating and a GBX 510 price target on shares. Finally, Investec downgraded the stock to “Add” rating in a report issued on a December 2.

The stock increased 0.40% or GBX 1.92 on December 8, striking GBX 481.22. Approximately shares of stock traded hands. Dixons Carphone PLC (LON:DC) has risen 6.37% since May 12, 2015 and is uptrending. It has outperformed by 7.17% the S&P500.

Reaffirmed: Dixons Carphone (LON:DC) Overweight Rating Has Been Reiterated by Analysts at Barclays Capital; GBX 530.00 Target in Place

Dixons Carphone plc is a United Kingdom electrical and telecommunications, retailer and services company. The company has a market cap of 5.58 billion GBP. The Firm has four divisions, including UK & Ireland, Nordics, Southern Europe and Connected World Services. It has 29.45 P/E ratio. The UK & Ireland segment offers the brands: Currys, PC World, Carphone Warehouse, Dixons Travel, KNOWHOW, Geek Squad and PC World Business.

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